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S.Korea's Hanwha Chemical Says Explosion at PVC Plant, Five Killed
(Friday, July 03, 2015) South Korea's Hanwha Chemical Corp said there had been an explosion at one of its plastic production plants, leaving five dead and one person missing.
Japan Aims to Use Biofuels for Flights by 2020 Tokyo Olympics
(Thursday, July 02, 2015) Japan will draw up a plan to introduce biofuels to power commercial flights by the 2020 Tokyo Olympic Games as part of efforts to shift to cleaner fuel.
COLUMN-China's Diesel Exports May Return After Going Missing in Action
(Thursday, July 02, 2015) One of the little mysteries this year in Asian oil markets has been the drop in China's diesel exports.
France's Engie Signs Deal to Supply LNG to Beijing Gas Group
(Thursday, July 02, 2015) French gas utility Engie signed a 100 million euro ($110.77 million) deal to supply liquefied natural gas (LNG) to China's Beijing Gas Group, the French government said in a statement on Thursday.
Asia Oil Refining Margins Hit 2015 Low, Mideast Supply to Drag
(Thursday, July 02, 2015) Rallying oil refining margins have ground to a halt in Asia. Currently at a 2015 low, they could drop another 20-30 percent this quarter, led by declining profits in diesel as supply from the Middle East adds to a global glut.
South Korea Turns to Cheap Spot Crudes as Glut Grows
(Thursday, July 02, 2015) Refiners in South Korea, the world's fifth-largest crude oil importer, have stepped up spot purchases this year, buying at prices depressed by an oil glut as they run their plants at high rates to catch strong processing margins.
Russia Seen Extending Oil-Sales Lead With Second China Pipeline
(Wednesday, July 01, 2015) Russia is set to strengthen its position as the biggest oil supplier to China in the coming decade with a planned second pipeline link to Chinese refineries, according to a unit of Fitch Group Inc.
China Launches New Oil and Gas Trading Platform - Xinhua
(Wednesday, July 01, 2015) A new trading platform for oil and gas was launched in China on Wednesday, state media reported, as the world's largest energy consumer looks to extend its influence over global commodity pricing.
Japan's Top 3 Automakers to Spend $50 Mln to Subsidise Hydrogen Stations
(Wednesday, July 01, 2015) Toyota Motor Corp, Nissan Motor Co and Honda Motor Co said in a joint statement they would shoulder about one-third of the operational costs for hydrogen stations, limiting annual support to 11 million yen ($89,700) per station.
Shanghai Chemical Plant Protesters Warned to End Demonstrations
(Monday, June 29, 2015) Residents of a Shanghai suburb were warned by the district government and an official newspaper to halt their protests against proposals to build a chemical plant nearby, signalling the authorities mounting impatience with the show of dissent.
China Starts Building Spur to Power of Siberia Gas Pipeline - Officials
(Monday, June 29, 2015) China has started building a spur to the Power of Siberia natural gas pipeline that will send Russian gas to China, energy officials from the two countries said on Monday via video conference.
Japan May LNG Average Import Price Hits Lowest Since 2009
(Monday, June 29, 2015) LNG import prices averaged $8.84 per million British thermal units (mmBtu) in May, the lowest since $8.28 in September 2009, Reuters calculations based on finance ministry data showed on Monday.
China's CNPC Signs Contract to Build Second Pipeline for Russian Crude
(Friday, June 26, 2015) Chinese state energy giant China National Petroleum Corporation has signed a construction contract for a second domestic pipeline to carry Russian crude oil from Mohe to Daqing, a company-run newspaper said on Friday.
Russia's Gazprom May Build Gas Storage Facilities in China - RIA
(Thursday, June 25, 2015) Russia's top natural gas producer, Gazprom, is considering building several underground gas storage facilities in China, RIA news agency quoted Oleg Aksyutin, a management board member, as saying on Thursday.
Japan's JOGMEC Buys LPG from Gyxis for National Reserves
(Wednesday, June 24, 2015) State-run Japan Oil, Gas and Metals National Corp (JOGMEC) said on Wednesday it had bought liquefied petroleum gas (LPG) from newly formed venture Gyxis Corp to store in national reserves.
Meet China’s Clean Energy Wildcatters Who Are $9 Billion Richer
(Tuesday, June 23, 2015) A new class of clean energy entrepreneurs is emerging in China and creating fabulous wealth -- $9.13 billion this year alone. Call them the wildcatters of the solar age.
China Puts $6 Trillion Price Tag on Its Climate Plan
(Tuesday, June 23, 2015) It will cost China over $6.6 trillion (41 trillion yuan) to meet the greenhouse gas reduction goals it will lay out later this month in its strategy for United Nations climate negotiations, the country's lead negotiator for the talks said Tuesday.
Asia's LNG Spot Market Fundamentals to Change
(Monday, June 22, 2015) The global LNG market will soon be awash in supply. Analysts offer their views on what this will mean for Asia-Pacific importers.
Japan's Mitsui Shuts Naphtha Cracker for Maintenance
(Monday, June 22, 2015) Japan's Mitsui Chemicals Inc said on Monday it shut the 612,000-tonne-per-year naphtha cracker at its Ichihara plant in Chiba, east of Tokyo, on Saturday for planned maintenance.
Russia's Rosneft Says May Buy 30 Pct of ChemChina Subsidiary
(Monday, June 22, 2015) Russia's top oil producer Rosneft has signed a memorandum that paves the way for purchasing 30 percent of China National Chemical Corp's, a subsidiary of ChemChina Petrochemical (CCPC), the oil major said on Saturday.